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Eric Yuan Adds $4bn To Net Worth


Within a time frame of a few hours, Eric Yuan, the CEO of Zoom Video Communications has added US$4.2 billion to his net worth.

The software maker had made a report on Monday as sales increased from 355% to $663.5-million in the three months to 31 July — the second-largest surge among Nasdaq 100 Index members last quarter, only behind biotech firm Moderna. Zoom said sales will be as much as $2.39-billion in the fiscal year ending in January, meaning revenue would almost quadruple in just one year.

Zoom has clearly been one of the beneficiaries of the coronavirus pandemic, as businesses and educational institutions turned to its service to work and teach remotely.

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